A recognized leader in providingcomprehensive, innovative technical solutions and responsive customer service,Securus' sole focus is the specialized needs of the corrections and lawenforcement communities. Securus is headquartered in Dallas, TX, with regionaloffices in Carrollton and Allen, TX; and Atlanta, GA.For more informationplease visit the Securus website at Holdings, Ltd., our wholly-owned subsidiary headquartered in Vancouver,British Columbia, is a world leader in innovative Offender and Case ManagementSoftware design and delivery. The decline in spending from Q1 08 wasprincipally due to the timing of equipment installations at customer sites anda decline in signing bonuses offered on newly acquired or renewed contracts.Net loss for the first quarter of 2009 was $5.4 million, an improvement of$3.5 million and $4.5 million from the fourth quarter and first quarter of2008, respectively.The improvement in net loss is due primarily to operatingimprovements we are making to the business.Cash and restricted cash at March 31, 2009 was $9.6 million, a $1.5 millionincrease from December 31, 2008.As of March 31st, the Company had anadditional $11.1 million of availability under its revolving credit facility.Investor CallManagement is holding an investor conference call on Thursday, May 14 at 10:00a.m. (CDT) to discuss quarterly results.Investors are invited toparticipate.Details of the conference call are as follows:Call Date:May 14, 2009Call Time:10:00 a.m.
CDTUS Dial in: 877-941-2333International Dial in:+1 480-629-9724Conference ID:4064212Replay details are as follows:Replay Dates: May 14, 2009 - June 13, 2009Replay available at:1:00 p.m. $3.7 millionin the fourth quarter of 2008 and $4.1 million in first quarter last year. The $2.7 million in Q1 09 was utilized primarily for investments in equipmentand intangibles to maintain and grow the direct call provisioning business andimplementation of TDCJ contract. Adjusted EBITDA, as presented, may not becomparable to similarly titled measures of other companies. Foradditional information regarding these and other risks and uncertaintiesassociated with eDiets 's business, reference is made to our Annual Reporton Form 10-K for the year ended December 31, 2008, and other reports filedfrom time to time with the Securities and Exchange Commission.
Allforward-looking statements are current only as of the date on which suchstatements are made. We do not undertake any obligation to publicly update anyforward- looking statements.-- Financial Tables Follow --eDiets , Inc. DALLAS, May 13 /PRNewswire/ -- Securus Technologies, Inc., a leading providerof inmate communications services and innovative offender and case managementsoftware design, today announced results for the first quarter ended March 31,2009.Highlights for Q1 2009:--Continued good execution on financial metrics in Q1 2009--On track to achieve 2009 guidance ranges for all metrics--Highest Normalized EBITDA and Free Cash Flow in company history--Continued progress on Project Initiatives, Ahead of 2009 Budget for Q1--Q1 to Q1 EBITDA growth of 59.5%--Q1 to Q1 Free Cash Flow growth of 150.2%--Q1 to Q1 Syscon revenue growth of 48.3%--Q1 to Q1 Prepaid revenue growth of 16.8%--Q1 to Q1 Bad Debt decrease of 12.2%Securus Technologies, Inc. Management regularly reviews adjustedEBITDA as an analytical indicator of the Company's financial performance andbelieves that it is useful to investors in evaluating operating performance.In addition, the Company uses adjusted EBITDA as a measure of performance forits business segments and for incentive compensation purposes. The Companydoes not intend for adjusted EBITDA to be considered in isolation or as asubstitute for any GAAP measure.
